The Young Professionals in Shipping Network (YPSN) PRC held its 5th event in Shanghai last Thursday, attracting over 130 attendees, including shipowners, managers, insurers, freight forwarders and cargo owners.
The Hong Kong Shipowners’ Association (HKSOA) has added its voice to opposition to the European Union’s proposed monitoring, reporting and verification (MRV) of emissions of CO2 emissions for shipping.
Crude tankers are in for strong rates through December and January according to Bimco, as tightening supply and increased demand boost crude carrier rates.
Bimco has called on governments to ensure a high level of industry compliance with sulphur limits in Emission Control Areas (ECAs) by robustly enforcing the regulation.
The combination of multiple factors could see the Far East - US East Coast trade become a major battlefield for the container trade, according to Bimco analysts.
Shipping industry associations have issued updated guidelines for anti-piracy in the Gulf of Guinea.
Continued growth in China, contraction in Japan and the US' oil boom are the focus of Bimco's latest assessment of demand indicators for the shipping market.
The competition between the Suez and Panama canals are more likely to benefit big boxships than tankers, Bimco has stated.